For years now, lawmakers and regulators across the U.S. have intensified their scrutiny of the competitive electricity market for residential consumers in order to address deceptive sales tactics and complex contract terms that burden consumers with high costs.
The U.S. Environmental Protection Agency on Jan. 12 proposed measures to reduce wasteful methane emissions in the oil and gas sector in accordance with the 2022 Inflation Reduction Act, or IRA. The proposed rule involves imposing charges on significant emitters that exceed emissions intensity levels established by Congress. In December, the agency issued New Source…...
Natural gas storage stocks in the Lower 48 United States will commence the winter heating season with the highest level of gas in storage since 2020, according to a Dec.7 report published by the U.S. Energy Information Administration. The U.S. has five percent higher stocks entering the winter period compared to the previous five-year average…...
Associated natural gas production from the highest three yielding tight oil plays in the Permian region (Wolfcamp, Spraberry and Bone Spring) averaged a total of 13.7 billion cubic feet per day (bcf/d) during the first seven months of 2023, nearly triple the production level of 4.7 Bcf/d in 2018, according to a Dec. 6 report…...
Fifty companies, representing over 40 percent of global oil production have committed to near-zero methane emissions and end routine flaring by 2030 under the Oil and Gas Decarbonization Charter (OGDC) launched at the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change. The charter is part of series of initiatives launched…...
During the first half of this year, northbound crude oil flows through the Suez Canal and the SUMED pipeline rose by over 60 percent from 2020, due to an uptick in demand from Europe and the U.S. following the COVID-19 pandemic induced lows, according to a Dec. 4 report from the U.S. Energy Information Administration…....
Grid operators and utilities across the U.S. have enhanced their winter preparation initiatives building on lessons learned from winter storms Uri and Elliott. Higher-than-average temperatures in the northern half of the U.S. are expected to…Read the full report …...
Grid operators and utilities across the U.S. have enhanced their winter preparation initiatives building on lessons learned from winter storms Uri and Elliott. Higher-than-average temperatures in the northern half of the U.S. are expected to lower electricity and natural gas demand, and all regions are projected to have adequate resources for a normal winter. However, extreme weather, such as a prolonged cold snap, continues to pose reliability risks to the grid.